Search results
Results from the WOW.Com Content Network
Lebanon's banks reopened on 1 November 2019, after two weeks of closure, the longest bank closure in the nation's history. [121] "Unofficial" capital controls were imposed by individual banks to prevent a bank run, with personal withdrawals being limited to US$3,000 per week or per month depending on individual banks. Corporate banking activity ...
August 25 - 2019 Beirut drone crash: two drones, alleged to be from Israel by Lebanese authorities, crashed in the Dahieh district of Beirut. The first drone crashed into Hezbollah's Media Center, and the second drone exploded mid-air 45 minutes later. This was the first such incident between Lebanon and Israel since the 2006 war between them. [2]
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
After Lebanese banks began to impose withdrawal limits in 2019, as part of the ongoing liquidity crisis, some of their depositors have resorted to a spate of bank robberies and sit-ins to recover their frozen money. The phenomenon began in January 2022 and is ongoing as of 2025.
This page was last edited on 1 February 2025, at 18:58 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Lebanon, [b] officially the Republic of Lebanon, [c] is a country in the Levant region of West Asia.Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, [11] it is bordered by Syria to the north and east, Israel to the south, and the Mediterranean Sea to the west; Cyprus lies a short distance from the coastline.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
August 25 – 2019 Beirut drone crash: According to Lebanese officials, two Israeli drones attack Beirut, Lebanon. One crashed into the roof of the Hezbollah Media Center, about 45 minutes before the second exploded in the air and damaged the building. [182] It is the first such incident between Israel and Lebanon since the 2006 Lebanon War. [183]